Streetbeat News

Earnings

VUZI

Vuzix reported Q4 2023 earnings with a GAAP EPS of $(0.32), missing the $(0.14) estimate, and sales of $1.067M, below the $2.157M estimate. This represents a 63.18% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:16 pm

CFB

CrossFirst Bankshares reported Q1 2024 adjusted EPS of $0.36, surpassing the $0.35 estimate, but its sales of $62.200M fell short of the $63.279M forecast, marking a 0.71% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:14 pm

NUMIF

Numinus Wellness (OTCQX:NUMIF) reported a decline in Q2 2024 revenue to $3.66 million from $3.89 million in Q2 2023, amid clinic reshuffling and industry trends. The company's cash position decreased to $4.8 million from $14.33 million year-over-year. Despite reduced revenues and gross profit, Numinus saw a decrease in G&A expenses and total expenses, leading to a smaller net loss compared to the same period in 2023. The company is focusing on profitability and has initiated cost containment measures, including discontinuing its unprofitable Phoenix clinic and reducing headcount by 60%. Numinus is also exploring strategic alternatives for its Canadian operations to focus on growth opportunities in the U.S., where it generated 88% of its revenue in FY2023.

Portfolio Pulse from Lara Goldstein

April 15, 2024 | 8:13 pm

DFLI

Dragonfly Energy forecasts Q1 EPS of $(0.13)-$(0.17), below the $(0.15) estimate, with net sales expected between $12M-$13M, under the $14.1M estimate. The company sees stabilization in the RV market and potential growth from the heavy-duty trucking sector. Operating expenses are projected at $(8.0)-$(9.0) million, with a net loss of $(8.0)-$(10.5) million.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:13 pm

DFLI

Dragonfly Energy Holdings (NASDAQ:DFLI) reported Q4 earnings of $0.05 per share, surpassing the $(0.20) estimate, marking a 125% beat and a 131.25% increase from last year's $(0.16) loss per share. However, their Q4 sales of $10.44M fell short of the $12.24M estimate by 14.72%, representing a 48.35% decrease from last year's $20.21M.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:12 pm

CWD

CaliberCos reported a Q4 2023 EPS of $(0.11), an improvement from $(0.14) year-over-year. Revenue increased to $23.945M from $21.467M in the same period.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:11 pm

CCNE

CNB Financial (NASDAQ:CCNE) reported Q1 2024 earnings of $0.55 per share, surpassing the analyst consensus estimate of $0.51 by 7.84%.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:10 pm

SKIL

Skillsoft projects its FY25 revenue to be between $530M-$550M, which is below the estimated $579.724M.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:08 pm

MITK

Mitek Systems, Inc. (MITK) has reiterated its fiscal 2024 guidance, expecting full-year revenue between $180.0 million and $185.0 million, indicating a 6% growth rate at the midpoint. This forecast includes adjustments for a large multi-year mobile deposit reorder contract signed in fiscal 2023, which contributed an additional $7.0 million in license revenue. Adjusting for this, the growth rate for fiscal 2024 would be approximately 12% at the revised midpoint. Mitek also anticipates a non-GAAP operating margin of 30.0% to 31.0% for the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:08 pm

MITK

Mitek Systems (NASDAQ:MITK) reported Q1 adjusted EPS of $0.14, missing the $0.18 estimate, and sales of $36.92M, missing the $39.02M estimate. This represents a 54.84% decrease in earnings and a 19.22% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:07 pm